The Report “Hemodynamic Monitoring Systems Market Analysis – By Type (Minimally Invasive, Non-invasive, Invasive); Product (Pulmonary, Cardiac, Disposables) -Forecast (2016-2021)”, published by IndustryARC, estimates the market to reach $2.27 Billion by 2020.
Hemodynamic Monitoring Systems are among the emerging products in the healthcare industry. The product specifications and Hemodynamic monitoring have improved at a high scale in the past few years. There has been a philosophical change from static approach to functional approach due to the evolution of non-invasive technology replacing the existing invasive technology. Despite the introduction of hemodynamic monitoring systems in the healthcare industry, a huge gap persists between the clinical research studies to analyze these monitoring systems and clinical practices.
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According to recent report by IndustryARC, the Global Hemodynamic Monitoring Systems Market will grow at CAGR of 7.5% and reach $2.27 Billion by 2020. The rise in ‘cardio-patient population’ along with hypertension cases across the globe is propelling the market for hemodynamic monitoring. Minimally invasive segment comprises nearly 61% of total market revenue in 2015 and is projected to grow to $1.33 billion in 2020 with an estimated CAGR 7.8%.
Non-invasive Hemodynamic Monitoring set to Become Mainstream Product.
The healthcare systems have observed incessant developments owing to the consideration of health as a vital aspect of social and psychological life. The Hemodynamic Monitoring System is one such healthcare system that has been improved over time to offer a better and efficient way of monitoring oxygen supply in the body. Since their inception in the market, the invasive techniques have been employed for cardiac monitoring of patients continuously but have been proved to be an obstacle in case a patient needs to be offered an immediate diagnosis or if the body of a patient is fragile enough to handle it. Therefore, the medical devices manufacturers such as Cheetah Medical and Edwards have been instrumental in devising non-invasive hemodynamic monitoring systems.
This trend is already visible in non-invasive evaluation of cardiac output and its derived variables. These types of devices rely extensively on the algorithms for estimating the variables. Although, the successive versions of algorithms are yielding reliable data but still they are not in the limits set up by regulatory bodies. The prime example of such case being the continuous noninvasive arterial pressure monitoring systems that have not offered any data limits in accordance with the standards set by Association for Advancement of Medical Instrumentation. The technology for noninvasive in the current scenario is not yet advanced to meet the requisite standards but the complications posed by invasive methods to high-risk surgery patients due to fragile body or in the form of thrombotic and infectious threats will swiftly move the development of non-invasive hemodynamic monitoring systems.
The Following are the Key Players Profiled and Analyzed in the Report:
- GE Healthcare
- Philips Healthcare
- Draeger Medical
- Edward Lifesciences
- Deltex Medical Systems
- LiDCO Group
Americas is the largest market for hemodynamic in 2015 followed by APAC and Europe. APAC market has been witnessing significant rise in health issues such as cardiac-cases, hypertension, and so on which in turn increases the demand for hemodynamic monitoring system in the regions. APAC market is estimated to grow at a CAGR of 8.1% in a forecast period. However, Americas will remain dominant for the same period owing to the rapid technological advancement the market is projected to experience a growth rate of 7.8% till 2020.
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